United Energy Group plc
United Energy Group plc: Government of Republic of Srpska Passes 2nd Tender for Strategic Partner Selection for Hydroelectric Project the Upper Drina river system
United Energy Group plc / Key word(s): Miscellaneous Corporate News Government of Republic of Srpska Passes 2nd Tender for Strategic Partner Selection for Hydroelectric Project the Upper Drina river system Haslemere, United Kingdom – June 28, 2011 – Today, the Government of the Republic of Srpska published its second tendering process that will serve as basis for the selection of a strategic partner for the realisation of the hydroelectric projects on the Upper Drina river system. Eligible companies have time until July 28, 2011 to submit their bids. 'The second broad-based tender will finally bring a lengthy process that plays a vital role for our Southeast Europe strategy to a speedy conclusion,' said Dr. Rolf Haferkamp, CEO of United Energy Group. 'Even though a final decision is not to be expected before August this second tender has enormous significance as foundation for a successful long-term collaboration.' Overall, the idea is to realise, together with the strategic partner, four hydroelectric projects on the Upper Drina with a total investment volume of approximately 500 million Euros. The projects would install a total output of up to 250 MW, able to generate around 800 GWh of electricity per year. 'This equals about 15% of the total generated volume of the state-owned ERS, and illustrates the enormous economic significance of the hydroelectric project Upper Drina.' For more information please go to: http://www.vladars.net/eng/Documents/Invitation%20-%20Project%20hydro%20power%20system%20of%20Upper%20Drina.pdf
United Energy Group plc
Forward-Looking Statements
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129952 28.06.2011 |